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Thursday, February 19, 2009

Capitalists, Capitalism

The thing to remember about capitalism is that it's not really a system or planned economy, managed by or under the direction of government. Instead, capitalism is simply what happens when the people have property rights--especially documented property rights--and liberty.

You don't have to hunt far for recognition of man's right to own property; it's right there in the Ten Commandments:
You shall not steal.
And then, just a tiny bit later:
You shall not covet your neighbor’s house. You shall not covet your neighbor’s wife, nor his male servant, nor his female servant, nor his ox, nor his donkey, nor anything that belongs to your neighbor.
These commands presuppose the right to own property, as though it were so obvious a thing that only a great fool might fail to recognize it. It is not possible to steal what no one owns. The command not to steal necessarily recognizes that someone owns something and that God
does not want that ownership violated. More, He doesn't even want you to think about violating it! There are many other verses that recognize this; Jesus spoke more than once about thieves and robbers, the existence of which, again, presupposes the right to own property.

Man has an inalienable right from God to own property.

The rights to own property and to liberty are recognized--not given, the Constitution protects rights, it doesn't grant or give them--in the Fifth Amendment to the Constitution:
No person shall be...deprived of life, liberty, or property, without due process of law; nor shall private property be taken for public use without just compensation.
It doesn't say anywhere in the Constitution that the United States is a capitalist country. It doesn't have to. It is the government's protection of your rights to property and liberty that makes it a capitalist country.

Socialism is a government-directed economic system; in order to direct outcomes, a government necessarily places limits on rights to property and liberty. It may readily be seen, then, that as a country becomes more socialistic and less capitalistic, it necessarily becomes less free. Capitalism is the economics of freedom, the freedom of men and women to work and to determine what to do with the fruits of their labor themselves, the freedom not to have their assets plundered, the freedom to crawl up out of poverty without having to have the good fortune of being born into a privileged class or to lick the hands of those above them. Properly instituted, it is the most egalitarian of economic systems, and the only one--the only one!--that demonstrably produces a real increase in the standard of living for multitudes of people.

Mark it well: those who oppose capitalism either do not understand it, or have designs on your liberty. In neither case should their counsel be listened to.

Find more in The Politically Incorrect Guide to Capitalism, or, if you're feeling more ambitious, The Wealth of Nations.

2 comments:

  1. Hey, Man,

    I've enjoyed your series on -isms (though I admit to having not read every single word of each of them).

    Have you thought to do:
    -materialism
    -relativism
    -secular humanism

    or did I just miss them? Those might be fitting with your theme that you have going...

    p

    ReplyDelete
  2. Those are good ideas; I'll put them in the file to be worked on when I get the chance.

    But first I have something called "Do(h)!" to complete...

    ReplyDelete